Infrastructure Public–Private Partnerships in the Developing World: Lessons from Recent Experience

By M. Trebilcock, M. Rosenstock. 2015

128 citations recorded by the source corpus.

Abstract Seeking to address inefficient and costly infrastructure delivery, governments over the past two decades have turned to public–private partnerships (PPPs) to build and operate infrastructure. The key characteristic of PPPs is the outsourcing and ‘bundling’ of project delivery components (for example, design, build, finance, operate), structured to incentivise the builder-operator to incorporate long-term operating cost considerations in the design and construction phases of a project and reduce coordination costs. This article reviews the benefits and drawbacks of PPPs and the experience to date, focusing in particular on developing economies. Relative to traditional procurement, PPPs are complex, and require governments to anticipate and plan for contingencies and conduct monitoring and enforcement of long-term contracts. We argue that institutional capacity is a key determinant of PPP success and in mitigating potentially welfare-reducing contract renegotiations evident in the Latin American experience.

Subfields: Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/9ce5f72c4c597f61c3dae7b83c1b39d26fa783dc

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In Economics and Econometrics

1. C. Berg
2. Yishen Liu
3. Uwe Deichmann
4. H. Selod

Citations in the corpus

• Transport Policies and Development (2015, background): “Today, in addition to using government resources and borrowing, there is an increasing emphasis on leveraging funds through public-private partnerships (see Trebilcock & Rosenstock, 2015).”